Practice question
A bank standard-form contract says that customers surrender the legal right to protection of all non-public client data, regardless of any law. The bank claims contractual freedom alone validates the deprivation. This is a blanket removal of legal protection, not a particular written permission to examine a defined deposit. Which rule directly defeats the claim?
- RA11765 Section12 makes that deprivation provision unlawful or unenforceable
- Every printed bank term automatically overrides statute
- A blanket surrender is legally identical to every specific written permission
- RA11765 applies only to physical banknotes
- The client’s signature repeals RA11765
Legal references
- RA11765 Financial Products and Services Consumer Protection Act: https://lawphil.net/statutes/repacts/ra2022/ra_11765_2022.html Section12.
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